Free Radical Design Closed?

GamesIndustry.biz is reporting that Free Radical Design has closed, saying
they've heard this from "multiple sources," including a report that staff
arrived at work to find the doors locked and a note telling them to attend a
final company meeting at a nearby hotel. They recap their recent reassurances
from Free Radical about the company's situation, but say that their calls over
the past couple of days have gone unanswered. The developer was working on
TimeSplitters 4 and an unannounced project for LucasArts, and the story also
reflects rumors that the LucasArts project is Star Wars Battlefront III,
and that development of the sequel to this Star Was action game has already been
shifted to Rebellion, developers of Star Wars Battlefront: Renegade Squadron
for the PSP.